AVGO Options History — April 2020

In April 2020, AVGO traded between $22.16 and $27.61. ATM implied volatility averaged 51.5%, placing in the 40.1% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded below realized volatility by 52.4% (HV 20d: 103.9%). Max pain ranged from $24.00 to $26.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.73.

Notable Days

2020-04-07: Highest Volume — 237,050 contracts
2020-04-06: Largest IV drop — 15.3% change
2020-04-01: Highest IV Rank — 68.5%
2020-04-01: Largest Expected Move — 22.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.74	$22.16	$27.61	$22.16	$27.18
Max Pain	$25.01	$24.00	$26.00	$26.00	$26.00
ATM IV	51.5%	37.7%	73.7%	73.7%	40.7%
Expected Move	14.6%	10.7%	22.9%	22.9%	11.7%
HV 20d	103.9%	54.0%	148.3%	144.1%	54.0%
HV 60d	90.3%	86.9%	91.4%	86.9%	91.3%
IV Rank	40.1%	22.3%	68.5%	68.5%	26.2%
IV Percentile	87.6%	71.0%	95.6%	95.6%	79.0%
Term Structure	-0.5%	-3.8%	3.9%	-1.5%	1.2%
VWIV	51.4%	38.2%	74.4%	74.4%	43.2%
Skew 25d	13.4%	7.2%	20.3%	20.3%	7.5%
Skew 10d	25.9%	7.9%	47.8%	47.2%	21.0%
Call IV 25d	44.0%	32.6%	63.2%	63.2%	37.8%
Put IV 25d	57.4%	41.8%	83.4%	83.4%	45.4%
Bid-Ask Spread %	45.92	29.82	63.56	44.25	40.59
Gamma HHI	0.07	0.04	0.40	0.05	0.07
Net GEX	3.5M	-8.2M	76.4M	-8.2M	7.3M
Net DEX	356.1M	2.2M	903.3M	903.3M	118.7M
Net VEX	-7.6M	-7.9M	-6.1M	-6.1M	-7.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.73	0.16	1.37	0.83	0.66
Total Volume	130,318.571	59,530	237,050	130,230	70,650
Total OI	1,959,212.857	1,785,350	2,227,710	1,843,770	1,956,020

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2020-04-01	$22.16	$26.00	73.7%	22.9%	144.1%	68.5%	74.4%	20.3%	-1.5%	-8.2M	903.3M	-6.1M	0.83	44.25	71,120	59,110	820,040	1,023,730
2020-04-02	$23.74	$24.00	65.1%	18.2%	146.5%	57.5%	62.3%	19.9%	-3.2%	-5.9M	676.6M	-6.9M	1.21	29.82	81,280	98,200	826,110	1,042,610
2020-04-03	$23.13	$24.00	63.7%	17.8%	146.6%	55.8%	59.7%	17.8%	-2.4%	-7.9M	797.7M	-6.7M	1.34	31.07	42,880	57,270	854,790	1,094,830
2020-04-06	$25.11	$24.00	54.0%	15.2%	148.3%	43.4%	51.1%	16.2%	-0.5%	-6.7M	490.4M	-7.3M	0.83	37.62	78,660	64,970	807,350	1,053,570
2020-04-07	$25.85	$24.00	56.0%	14.8%	148.3%	45.9%	52.2%	14.4%	-3.8%	-1.6M	305.8M	-7.6M	0.43	42.27	165,360	71,690	854,180	1,074,080
2020-04-08	$25.98	$24.00	52.8%	14.5%	147.3%	41.9%	54.6%	13.7%	-2.3%	242.0K	280.8M	-7.8M	0.57	46.43	85,590	48,440	890,550	1,111,350
2020-04-09	$25.46	$24.00	52.4%	15.0%	142.3%	41.4%	51.4%	15.8%	-0.6%	-2.2M	434.3M	-7.5M	1.37	33.17	69,170	94,770	915,530	1,134,480
2020-04-13	$26.05	$25.00	50.5%	14.4%	141.7%	39.0%	48.2%	13.6%	0.3%	-2.6M	335.9M	-7.7M	0.61	48.11	90,410	54,840	875,940	1,125,920
2020-04-14	$26.76	$25.00	46.2%	13.2%	133.2%	33.5%	48.5%	14.1%	1.7%	5.7M	134.4M	-7.9M	0.45	58.30	93,540	41,630	932,710	1,158,610
2020-04-15	$25.83	$25.00	50.8%	14.6%	134.4%	39.3%	52.7%	14.2%	-2.3%	355.5K	373.4M	-7.7M	0.64	53.44	73,180	46,830	972,610	1,168,280
2020-04-16	$25.83	$25.00	50.4%	14.5%	105.6%	38.8%	53.5%	13.2%	0.8%	2.5M	356.3M	-7.8M	0.16	55.24	187,080	30,800	987,710	1,181,560
2020-04-17	$26.71	$25.00	46.4%	13.2%	71.8%	33.5%	48.3%	13.7%	0.3%	76.4M	23.2M	-7.8M	0.49	63.56	115,050	56,590	1,044,740	1,182,970
2020-04-20	$25.91	$25.00	50.9%	14.8%	72.8%	39.2%	52.8%	11.4%	-2.3%	-2.3M	399.4M	-7.7M	0.88	43.55	31,670	27,860	767,010	1,018,340
2020-04-21	$24.84	$25.00	58.1%	16.2%	73.4%	48.4%	57.2%	16.8%	1.0%	-7.6M	580.2M	-7.5M	0.93	42.73	58,980	55,050	783,540	1,032,270
2020-04-22	$26.14	$25.00	52.7%	14.1%	67.9%	41.5%	50.2%	14.3%	-0.9%	173.7K	332.2M	-7.9M	0.49	54.30	83,480	41,180	806,970	1,064,120
2020-04-23	$26.12	$25.75	50.8%	14.5%	62.0%	39.1%	52.9%	7.2%	-3.8%	3.3M	321.1M	-7.9M	0.63	53.15	59,640	37,770	844,750	1,078,110
2020-04-24	$26.50	$25.75	44.5%	12.3%	60.4%	31.0%	42.2%	10.7%	-1.1%	3.0M	230.4M	-7.9M	0.53	48.71	50,340	26,720	864,470	1,095,090
2020-04-27	$26.88	$25.75	41.1%	11.7%	60.4%	26.6%	42.6%	8.7%	3.4%	3.1M	172.7M	-7.8M	0.28	44.36	94,560	26,670	807,730	1,051,790
2020-04-28	$26.72	$26.00	43.0%	12.0%	60.5%	29.0%	43.2%	9.3%	1.3%	4.3M	209.8M	-7.7M	1.27	42.05	45,420	57,600	847,050	1,062,740
2020-04-29	$27.61	$26.00	37.7%	10.7%	61.2%	22.3%	38.2%	9.2%	3.9%	11.3M	2.2M	-7.8M	0.63	51.60	55,550	35,090	846,020	1,083,200
2020-04-30	$27.18	$26.00	40.7%	11.7%	54.0%	26.2%	43.2%	7.5%	1.2%	7.3M	118.7M	-7.7M	0.66	40.59	42,610	28,040	859,000	1,097,020